SG stake changes: VTAC, Mapletree Logistics, Straits Trading, Sinarmas

Mapletree Logistics Hub Tsing Yi in Hong Kong. Credit: Mapletree Logistics TrustMapletree Logistics Hub Tsing Yi in Hong Kong. Credit: Mapletree Logistics Trust

Singapore substantial shareholder changes: Vertex Technology Acquisition Corp. (VTAC), Mapletree Logistics Trust and Mapletree Investments, The Straits Trading Co. and Sinarmas Land.

Vertex Technology Acquisition Corp. (VTAC)

Fullerton Fund Management, an indirect subsidiary of Singapore state-owned investment company Temasek Holdings, now holds 2.6 million units of Vertex Technology Acquisition Corp. (VTAC), or a 6.5 percent stake, after the special purpose acquisition company (SPAC) made its trading debut on SGX, according to a filing to SGX Thursday.

The units were acquired in the initial public offering (IPO) for S$13 million, the filing said.

After the IPO, Vertex Venture Holdings, via indirect wholly owned subsidiary Vertex Co-Investment Fund (VCIF) holds 15 percent of VTAC, or 6 million units, acquired for S$30 million, according to a separate filing to SGX.

Read more: Vertex Venture files to list Singapore’s first SPAC to raise S$200M

Mapletree Logistics Trust

Mulberry Pte. Ltd. received 106.38 million units of Mapletree Logistics Trust for S$1.88 each as consideration for the trust’s acquisition of 13 property assets in China and three logistics assets in Vietnam, according to a filing to SGX Thursday. The receipt of the units took Mulberry’s interest in the trust to 15.82 percent from 13.9 percent previously, the filing said.

Mulberry Pte. Ltd. is a subsidiary of Mapletree Investments, which is deemed interested in the units; Mapletree Investments’ total interest in Mapletree Logistics Trust rose to 31.7 percent from 30.15 percent, the filing said.

As of end-March 2021, Mapletree Investments owned and managed S$66.3 billion of properties in the data center, industrial, lodging, logistics, mixed-use, multifamily, office, residential and retail sectors. Mapletree Investments is wholly owned by Singapore state-owned investment company Temasek Holdings.

Read more: Mapletree Logistics Trust to acquire logistics assets in China, Vietnam, Japan for S$1.47B

The Straits Trading Co.

Tan Tiong Cheng, an independent non-executive director of The Straits Trading Co., acquired 20,000 shares of the company at S$3.20 each in an off-market transaction on 19 January, taking his interest to 0.035 percent from 0.03 percent previously, according to a filing to SGX Thursday.

Sinarmas Land

Hong Pian Tee, an independent director of Sinarmas Land, bought 58,900 shares of the company in the market for S$14,725 on 17 January, taking his interest to 0.052 percent from 0.051 percent previously, according to a filing to SGX Thursday.